Meta Materials Balance Sheet Health
Financial Health criteria checks 3/6
Meta Materials has a total shareholder equity of $18.3M and total debt of $4.5M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are $46.4M and $28.0M respectively.
Key information
24.3%
Debt to equity ratio
US$4.46m
Debt
| Interest coverage ratio | n/a |
| Cash | US$6.40m |
| Equity | US$18.34m |
| Total liabilities | US$28.03m |
| Total assets | US$46.36m |
Financial Position Analysis
Short Term Liabilities: MMAT's short term assets ($10.7M) do not cover its short term liabilities ($18.6M).
Long Term Liabilities: MMAT's short term assets ($10.7M) exceed its long term liabilities ($9.4M).
Debt to Equity History and Analysis
Debt Level: MMAT has more cash than its total debt.
Reducing Debt: MMAT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MMAT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MMAT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 38.2% each year